Standard Chartered Bank

www.standardchartered.com
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Standard Chartered Bank Reviews

Updated April 23, 2015
160 reviews filtered by
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3.1
160 Reviews
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Standard Chartered Bank Group CEO Peter Sands
Peter Sands
72 Ratings

160 Employee Reviews

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  1. Senior Application Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Singapore (Singapore)
    Former Employee - Anonymous Employee in Singapore (Singapore)

    I worked at Standard Chartered Bank

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Very good experience working in SCB. great place for career growth and improving your learning curve. Nice people to work with.

    Cons

    I did not find any

  2. Good employer, lack of knowledgeable staff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Transaction Banking in Singapore (Singapore)
    Current Employee - Transaction Banking in Singapore (Singapore)

    I have been working at Standard Chartered Bank full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Disapproves of CEO
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    Bank takes pretty good care of its people. Pay is competitive as long as a person is not hired as a junior. Unique network of offices and branches allows for interesting experience. Most multi-cultural international bank I have seen which is very educational. Bank's results may have deteriorated lately but the organisation remains in decent shape.

    Cons

    Career decisions are often taken in the smoking area in downtown Singapore. Culture is quite closed and there can be a lot of back stabbing. Countries and headquarters often don't link up well. It may take a long time before you would actually receive a written job offer, bank can be very bureaucratic in these things.

    Advice to Management

    A lot of senior staff were rapidly promoted in post credit crunch days when bank grew very quickly. There are many cases where it's questionable if these are still the right people to lead the bank from where it is today.

  3. Healthy Bank, Unhealthy (middle) Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Analyst in Singapore (Singapore)
    Former Employee - Operations Analyst in Singapore (Singapore)

    I worked at Standard Chartered Bank full-time (More than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    - Great staff benefits (decent pay-scale, 25 days of AL, health dollars claimable annually)
    - Good bank culture (lots of staff activities, weekly newsletters keeping a vibrant and open working environment for employees and management alike)
    - Beautiful office
    - Adequate work-life balance (work from 9 to 6)
    - Focus on volunteerism as part of giving back to society
    - Strong brand name

    Cons

    - Lack of career progression/freedom (senior manager refuses to let go of talents to other departments despite the Bank's well-known culture on internal mobility; just wanted employees to work endlessly and ignoring their want/need for career progression; selfish)
    - Manager tends to recruit more foreigners than locals, eg. pulling in ex-colleagues from previous overseas office (Malaysians pulling in fellow Malaysians; Indians pulling in Indians; leaving less/no headcount for Singaporeans
    - Mostly top-down approach; employees unable to speak their minds and most of their ideas get pushed off by lazy direct managers who are more comfortable with the current workflow than to seek higher productivity by improvising on current methods

    Advice to Management

    - Allow employees to provide anonymous feedback on their direct managers during Performance Review (exercise duo-control on work performance of both boss and employee)
    - Conduct anonymous surveys/findings on departments which have higher attrition rates OR departments that have remained stagnant for 5 years and not seen much of career progression

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  5. Director

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Executive Director in HarbourFront (Singapore)
    Current Employee - Executive Director in HarbourFront (Singapore)

    I have been working at Standard Chartered Bank full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Work life balance is good

    Cons

    Unanimous consensus on everything - no decision making

  6. Good and Relaxed Working Environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Intern - Intern in Singapore (Singapore)
    Former Intern - Intern in Singapore (Singapore)

    I worked at Standard Chartered Bank as an intern (Less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Flexible working time, good experience, and helper colleagues.

    Cons

    should improvement management and improve the efficiency

  7. It was a Great Place to Work until recently

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Standard Chartered Bank full-time (More than 10 years)

    Pros

    Over the years, I have seen how the organization has grown, led the way in many areas, taken risks on people. There is great Diversity there so really good if you enjoy working with International cultures and if you are passionate about gender diversity.

    Cons

    Tends to be network based which makes it difficult for new joiners to figure out how to get things done.

  8. Great learning experience, fast paced

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Executive Director in Singapore (Singapore)
    Current Employee - Executive Director in Singapore (Singapore)

    I have been working at Standard Chartered Bank full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Career flexibility, opportunities, pace of learning

    Cons

    Unstructured approach to business and confused approach to culture

    Advice to Management

    Establish clear cultural direction and business structure - banking as an industry is moving into the new century, it would be nice if we went along

  9. A good place to work with oppurtunities to move across departments

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in Singapore (Singapore)
    Current Employee - Business Analyst in Singapore (Singapore)

    I have been working at Standard Chartered Bank full-time (More than 5 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Allows for opportunities to move across departments.
    Good work life balance ( depends on departments and managers )

    Cons

    Too many processes and changing strategies
    No differentiation between high performers & performers.
    Long working hours

    Advice to Management

    Recognize and train high performers to be potential future managers
    Reduce structural redundancy for enabling quality delivery & high productivity

  10. Psychopaths and sociopaths

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Technology in Kampong Baharu (Singapore)
    Current Employee - Technology in Kampong Baharu (Singapore)

    I have been working at Standard Chartered Bank full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    The money is good, but it doesn't compensate for the stress and the incredible over use of "governance committees" comprised of people with very little actual technical ability. Management by committee of dullards means getting anything through the deep management tree is incredibly frustrating.

    Cons

    Psychopaths and sociopaths work here, like any other bank. It's a relatively inexperienced bank technology wise. Singapore isn't going to be a tech hub for this bank, try TEDA or Chennai instead.

    Advice to Management

    Changing strategic direction so often makes the bank really inefficient. They stumble from one idea to the next and leave the people on the ground to try to do the best they can with little support.

  11. Not the best place to start but worth joining at a later stage in your career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Singapore (Singapore)
    Former Employee - Business Analyst in Singapore (Singapore)

    I worked at Standard Chartered Bank full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Freedom to do what needs to be done (little micro management

    Cons

    Not enough SMEs thus knowledge extraction is difficult
    No clarity around how current projects will improve the business in the long term
    Many people overvalued: knowledge < pay

    Advice to Management

    Ensure that resources are pulling their weight

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